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Profit Shifting in the 21st Century: Multinationals’ Use of Intrafirm Patent Transfers
Abstract: An analysis indicates that a high percentage of U.S. patents that shifted to tax havens like Bermuda are intrafirm transfers. Such transfers may be a tax avoidance strategy by multinationals.
Keywords: patents; tax havens; intrafirm patent transfers; tax avoidance; multinational corporations;
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https://www.stlouisfed.org/on-the-economy/2023/sep/profit-shifting-multinational-use-intrafirm-patent-transfers
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2023-09-12